All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams

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Friday, December 20, 2013

Here's Why Gold Miners Will Cut Production Under $1,200 Gold

After gold dropped more than $40 on Thursday, it has held near $1,200 an
ounce. Many analysts consider that level a key level of price support,
but with central banks around the globe continuing monetary stimulus,
gold remains attractive to some investors. Capital Gold Group's Jon
Najarian tells TheStreet's Joe Deaux that if the price drops
meaningfully below current price, miners will begin to cut supply as the
mining process becomes too expensive.